Need More Runway? Five Steps to Extend Cash
Look critically at your spend and analyze the trade-off between a growth-at-all-costs approach and a more cash-conscious one.
Tools for Startups / Startup Toolkits
Tools to help startups survive today and thrive tomorrow, whatever it brings.
Your cash runway is more important in this current environment than ever before. Many of today’s startup founders have only operated in an environment of aggressive growth. The context has shifted dramatically this year, and startups must quickly pivot accordingly. In this current environment, startups need to ‘up their game’ on finance and accounting.
Look critically at your spend and analyze the trade-off between a growth-at-all-costs approach and a more cash-conscious one.
Concerned about how current world events might impact your startup? Here are three tools to help you extend your cash runway.
Here are three tools to help you extend your cash runway if you are worried that current world events might impact your startup.
Start reducing costs now due to the COVID-19 crisis. Work on having a 24+ month cash runway along with implementing these strategies.
Collections process efficiency is important during the COVID-19 crisis. As a startup you need to have as much cash on hand as possible.
With interest rates up, startups should evaluate deploying capital they won’t need for a while into interest-bearing instruments.
An active approach to treasury management can help startups reduce financial risk while putting excess cash to work.
The Founder's Field Guide for navigating a crisis including advice from recession-era leaders, investors and CEOs currently at the helm of startups.